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<ul class="wp-block-list"> 
 <li>Four victims or family members of victims of state-sponsored terrorism have sued the U.S. DOJ in federal court.</li> 
 <li>The lawsuit accuses the DOJ of improperly delaying or withholding the distribution of funds from Binance’s $4.3 billion settlement.</li> 
</ul> 
The U.S. Department of Justice (DOJ) is facing a lawsuit from four individuals, including victims and relatives of state-sponsored terrorism. They accuse the DOJ of delaying and improperly withholding funds from a $4.3 billion <a href="https://thenewscrypto.com/us-sec-seeks-to-amend-complaint-in-ongoing-binance-lawsuit/" target="_blank" rel="noreferrer noopener">settlement involving Binance</a>. The plaintiffs are seeking compensation for the victims.&nbsp; 
The lawsuit, submitted on September 25 in a Washington, D.C., federal court, claims that the DOJ has not deposited the allocated amount into the Victims of State Sponsored Terrorism Fund, as required by law. 
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 <img decoding="async" width="784" height="867" src="https://thenewscrypto.com/wp-content/uploads/2024/09/IMAGE.jpg" alt="" class="wp-image-109079" style="width: 100%;height:auto" srcset="https://thenewscrypto.com/wp-content/uploads/2024/09/IMAGE.jpg 784w, https://thenewscrypto.com/wp-content/uploads/2024/09/IMAGE-271x300.jpg 271w, https://thenewscrypto.com/wp-content/uploads/2024/09/IMAGE-768x849.jpg 768w" sizes="(max-width: 784px) 100vw, 784px">
 <figcaption class="wp-element-caption">
 Victims of tate-Sponsored Terrorism Against DOJ (Source: <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.273006/gov.uscourts.dcd.273006.1.0.pdf" target="_blank" rel="noreferrer noopener nofollow">Courtlistener</a>)
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Under the Victims of State Sponsored Terrorism Act, 100% of criminal proceeds and 75% of civil proceeds from cases like Binance’s are supposed to go into this fund. However, according to the plaintiffs, the DOJ has only transferred $898.6 million so far; it’s less than what they believe should be allocated.&nbsp; 
They also claim that the DOJ plans to allocate at least $1.5 billion from Binance’s settlement to a crime victims fund. However, the plaintiffs argue that this allocation is not legally permissible. 
The plaintiffs seek a court order to ensure that the DOJ deposits all proceeds from Binance’s case into the fund for victims of state-sponsored terrorism. The lawsuit also named the Commodity Futures Trading Commission, Attorney General Merrick Garland, and other government agencies as defendants. 
<h3 class="wp-block-heading" id="h-binance-settlement-overview">Binance Settlement Overview</h3> 
Since the end of 2023, <a href="https://thenewscrypto.com/binance-ceo-changpeng-zhao-to-resign-and-plead-guilty-wsj/" target="_blank" rel="noreferrer noopener">Binance’s $4.3 billion settlement</a> stems from a series of violations, including breaches of banking and sanctions laws. As part of this settlement, the company agreed to pay a $1.8 billion criminal fine and a $2.5 billion forfeiture.&nbsp; 
Founder Changpeng Zhao also pleaded guilty to a felony charge concerning violations of the Bank Secrecy Act. He paid a $50 million penalty and resigned from his position in Binance. In April, he received a four-month jail sentence and set to released on September 29. 
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Terrorism Victims Sue DOJ for Delaying Their Binance Settlement

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